Swedencare AB (publ) has today gained access to the business of Nutravet (UK) Limited which was acquired on September 24th 2020. The company, founded by Matthew Shaw in 2008, is today Britain's leading "exclusive-to-vet"-concept with thousands of veterinary clinics and animal hospitals as direct customers. The purchase price amounts to approximately 375 million SEK and consists of a cash amount of approximately 281 million SEK and a directed new share issue of 580 769 shares in Swedencare to the seller.
For more information about the acquired business, please see press release from September 24[th] 2020 when the acquisition was made public.
This information was distributed by Cision http://www.cisionwire.se/